CFDTradingo
Short

Marathon Oil Sell Setup

NYSE:MRO   MARATHON OIL CORP
As with all the other us energy stocks we have been following it has been making a corrective structure for 2016.

This appears to be breaking down as only recently MRO             has broken down and out of the lower trend line .

snapshot

Our trading conditions have been met now with it breaking out and down, retesting & rejecting so this we will be making a short trade here.


Trade active
If you haven't taken a position already it would be best to wait for it to break down and out of this structure for confirmation before making the trade.
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CFDTradingo CFDTradingo
If you were patient and waited it paid off with a perfect entry.
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